Guide to becoming a Permanent Resident (PR) in Singapore

Guide to becoming a Permanent Resident (PR) in Singapore

Guide to becoming a Permanent Resident (PR) in Singapore – For many who work in Singapore for the past many years or are from neighboring countries and see the value in becoming a permanent resident in Singapore due to the many benefits of holding onto a PR in Singapore.

Some of the benefits, not limited to just the list below are what makes it worthwhile getting a PR status in Singapore:

  1. You get to enter and leave Singapore without having to apply for work or travel visas. The PRs get an identification card that is blue that acts as a document for identity.
  2. Your unmarried children below 21 and spouse can also be included in your PR application. School going children also get higher priority than foreigners but behind citizens when you enroll them into public schools in Singapore.
  3. You are able to change jobs easily without worrying about losing your pass and being forced to leave the country.
  4. After a couple of years, be eligible to apply for Singapore Citizenship.

Since this article is a Guide to becoming a Permanent Resident (PR) in Singapore, let us start on how one can become a PR in Singapore.

There are many 3 methods or schemes that allow you to get a PR

  1. Professional/Technical Personnel & Skilled Worker scheme, this allows persons holding Employment Passes (EP), S-Pass to apply for PR in Singapore. Though this scheme may need you to work in Singapore under those working passes for a minimum number of years before you will be considered for a PR status.
  2. Global Investor Programme (GIP) is for persons who have a strong entrepreneurial background and funds to invest in a Singapore government approved fund.
  3. Foreign Artistic Talent Scheme (ForArts) is for recognized artistic celebrities that will grow our local culture.

 

 

Guide to becoming a Permanent Resident (PR) in Singapore as a work pass holder in Singapore

 

Part One: Work on the timeline for your PR application
You can technically apply for your PR upon starting work with a work pass. But you will need at least 6 months of payslip to do so. So we do advice you to apply from 6 months of working with your current employer onwards.
Part Two: Improving the chances of your application
The government of Singapore intends to expand its work pool as well as talent pool to attract the best minds to Singapore. There are definitely a few criteria that will improve your PR application chances and will require you to work towards them.
1. Income – There is no hard and fast rule for this, but a slightly higher income from the job your are currently in will definitely help in your case, especially so if you are bringing family members over from overseas
2. Education and Employment background – Degrees from top schools around the world will be a bonus. If your current job role or your studies are in a sector that Singapore is putting effort in growing, it will definitely help in your chances.
3. Family ties – having someone in Singapore say a parent will support your case by showing societal ties
4. Personal Character – Charitable work proof and no brushes with the law will support your case
Part Three: Getting the paper work and submission done
Paper work documents and a Simple guide can be found on the ICA website here: https://www.ica.gov.sg/visitor/PR/visitor_PR_becomeapr

 

Part Four: Length of wait
Usually PR Applications anywhere from 6 months or longer to be approved. So you will be ready to wait for extended periods.

Part Five: How much does it cost

There will be a non-refundable $100 cost for every application.

 

If you are keen on starting up a business in Singapore, you could speak to us in K Cloud Accounting to assist you with your company incorporation services and also bookkeeping services.

Guide to becoming a Permanent Resident (PR) in Singapore

15 January, 2021 For Foreigners No comments yet
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